Topgolf Investment Opportunity in
For Sale
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777 Dedham St, Canton, MA 02021
New Topgolf investment property in suburban Boston with corporate guaranty.
Property Size60,781 SF
Lot Size12.00 Acres
Price / SF$959.63
Days on Market808
Property Features for 777 Dedham St
General Information
Standard status
Active
Size
60,781 SF
Lot size
12.00 Acres
Property subtype
Special Purpose
Lease Type
Absolute Net
Net Operating Income
$4,082,926
Building Details
Year Built
2023
Buildings
1
Stories
3
Tenancy
Single
Listing Agency:
Marcus & Millichap - Fort Lauderdale
(954) 849-7522
Listed By:
Lori Schneider · License #FL SL 629661
Source:
Crexi
Added: Jun 4, 2024
Changed: Aug 14
Last Checked: Aug 20 at 4:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Fort Lauderdale
Investment Insights
Based on property information with market context.
This property features a 60,781 square foot, three-story building with over 90 climate-controlled hitting bays and a driving range, situated on over 12 acres. The property is the first and only Topgolf location in the state of Massachusetts. It is located in suburban Boston, with high accessibility and proximity to corporate headquarters and offices, potentially driving corporate event usage. The property is well-situated on I-95 and benefits from exceptional household income in the surrounding area. The tenant, Topgolf, commenced a 20-year lease in November 2023, with six five-year renewal options. The net operating income (NOI) is projected to be $4,082,925 in the first year, with a 10 percent increase every five years throughout the initial and optional terms. The lease is fully guaranteed by Topgolf International, Inc.
Key Highlights
- Absolute net topgolf investment property
- New 20‑year lease commenced in November 2023 with six 5‑year renewal options
- First and only Topgolf location in Massachusetts
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
523
Businesses Nearby
Explore this area
Business Placement
Demographics for 02021, MA
24,370
Population
9,955
Households
2.4
Avg Household Size
43
Median Age
65%
College-Educated
97%
High-School Grad
18.7 sq mi
ZIP Area
1,303
Density / Sq Mi
$128,341
Median Household Income
$80,408
Median Earnings
$2,237
Median Rent
$665,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Golf course & driving range - New Topgolf investment property in suburban Boston with corporate guaranty.
Where is this golf course & driving range located?
The property is located at 777 Dedham St Canton, MA.
What is the asking price?
The asking price for this property is $58,327,000.
What are key features of this property?
This property features: Absolute net topgolf investment property; New 20‑year lease commenced in November 2023 with six 5‑year renewal options; First and only Topgolf location in Massachusetts
